Showing results by author "Ade Asefeso MBA" in All Categories

Many smart entrepreneurs prefer to buy an existing business instead of beginning a new one. Buying a business that is already operational will bring many benefits, including an already established product or service, well-trained staff who know the business, and enough success to have kept the company afloat for a period of time. Not having any money to purchase the business will not necessarily keep you from buying it.

It’s time once again to make much of a simple concept; that two groups with different names, languages and cultures might put aside their old habits, pettiness, and grudges, recognize the overwhelming alignment of their most critical self-interests, and join their complementary strengths to achieve unprecedented peace, harmony, and productivity. That’s the concept behind total productive maintenance (TPM).

5S is a simple and highly effective set of lean manufacturing techniques that removes waste from the work environment through a better workplace organization, general cleanliness, and effective visual communication.

Do you want to be the slave of your working environment, or its master? Do you want your working area to help you to do your job, or to hinder your efforts? Do you want to be rushing to complete your tasks, or have time to take pride in them? 5S is a Workplace Organisation system that enables you to be the master of your work area, a work area that helps you to do your job instead of hindering you, so that you have time to take pride in your efforts. It is there to enable you to get each activity right the first time, every time.

Six Sigma Healthcare delivery means helping improve patient outcomes while driving down the cost of patient care. Doing so empowers healthcare providers to become more productive. Now, more than ever, the healthcare industry needs to embrace the economic value proposition of improving productivity. Healthcare sector can learn a good deal from industries that are working toward the Six Sigma goal. Let's try it in healthcare and see how close we can get.

Lean Construction is a way to do more and more with less and less; less effort, less equipment, less time and less space whilst providing customers with exactly what they want. A Lean system, process, and organisation is one that is waste free. Lean is not about size or number of people employed. A reduction in employees may cut costs, and eliminate the waste of those employees, but does not decrease the proportion of waste to value adding within the organisation or process.

The balanced scorecard is a strategic planning and management system that is used extensively in business and industry, government, and non-profit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.

Entering into a joint venture is a major decision. This audiobook gives an overview of the main ways you can set up a joint venture, the advantages and disadvantages of doing so, how to assess if you are ready to commit, what to look for in a joint venture partner, and how to make it work.

In general, companies decide to begin franchising for one of three reasons: lack of money, people, or time. Opening your own franchise business is a big step for those who choose the venture, and it can be somewhat intimidating. The franchise marketplace is filled with innumerable franchise systems over a vast range of industries.

During the past few years, companies have focused on supply chain improvements with initiatives centered on operational excellence and cost cutting. But have they worked? In today's on-demand environment, companies are facing growing challenges around market volatility, costs, long lead times, and unpredictable forecasts. Your inventory management decisions can make or break your firm's financial bottom line.

In order to know where to find solar energy you must first know what solar energy is. Solar energy is energy from the sun. When the sun is shining solar energy is being produced as it sends the heat radiating to the earth.

The main objective of this CEO guide to doing business in Japan is to provide you with basic knowledge about Japan; an overview of its economy, business culture, potential opportunities and an introduction to other relevant issues. Novice exporters, in particular will find this audiobook a useful starting point.

Reshoring is essentially the opposite of offshoring, it is a term used to describe the act of bringing back offshored manufacturing to a country. In the beginning of 2011, for the most part, most people thought that this was just impossible, that there would be no reshoring to the U.S. or UK, that everything was going to China, manufacturing was leaving both countries and it will never come back and I think the striking thing is how much that’s changed in the last three years.

I am encouraged to see healthcare leaders looking beyond the ways they have always done things in the past to implement innovative solutions to curb the industry's skyrocketing costs, poor quality, nursing shortages and employee dissatisfaction; all symptoms of deeper problems inherent in the system itself.

Being a CEO takes a great deal more effort and energy than just giving orders. You can't just tell an employee something and move on. You have to understand where they are coming from and their individual strengths, weaknesses, fears, and motivations. During the recent global recession, much attention was devoted to the mistakes that sparked the financial and economic crisis, in hopes of not repeating them.

In today's business environment, companies are being held accountable to a growing list of stakeholders who assess company performance against a variety of criteria, from financial and operational performance to labor practices and environmental issues.

The UAE is situated in the southeast of the Arabian Peninsula on the Persian Gulf, bordering Oman and Saudi Arabia. The UAE is a federation of seven Emirates each with its own Ruler. Saudi Arabia's command economy is petroleum-based; roughly 75% of budget revenues and 90% of export earnings come from the oil industry.

China is the great economic success story of the past 30 years. Since the "reform and opening-up" policy was introduced in 1978, China has changed beyond recognition. A Soviet-styled planned economy has transformed into a vibrant market-oriented economy and 400 million people have been lifted out of poverty.

There are some people who think there is no place for 5s Lean at home, just like those who say you can't bake without ovens! The 5S process of Sort, Set in Order, Shine, Standardize, and Sustain is a lean manufacturing process in use by the Toyota Production System for decades. The premise of 5S is to help organize and improve the conditions of a workplace, but this process can be used for your home as well. These steps can help you get your home organized now, and keep it that way.

Design for Six Sigma (DFSS), or the Six Sigma DMADV process (Define, Measure, Analyze, Design, Verify), is an improvement system used to develop new processes or products at Six Sigma quality levels. It also can be employed if a current process requires more than just incremental improvement. It is executed by Six Sigma Green Belts and Six Sigma Black Belts, and overseen by Six Sigma Master Black Belts.